CERS: 2.20% - Member begins participating prior to August 1, 2004. 2.00% - Member begins participating on or after August 1, 2004. Hazardous Member Benefit Factors. Only CERS and KERS members in an approved hazardous position are eligible. KERS: 2.49% CERS: 2.50% SPRS: 2.50% Years of Service KPPA: New Agency Name - Same Dedicated Service. As of April 1, 2021 the agency formerly known as Kentucky Retirement Systems is now the Kentucky Public Pensions Authority (KPPA), as legislated by House Bill 484 (2020 RS).. Despite the new name and the new logos, we are the same people, carrying out the same mission for our Members, and we will continue to deliver the exceptional service our The Kentucky Public Pensions Authority (KPPA), formerly known as The Kentucky Retirement Systems (KRS), is the administrator of defined-benefit pension and insurance plans for most of Kentucky's state and county employees and retirees. KPPA oversees Kentucky's three separate retirement systems: Kentucky Employee Retirement System (KERS), County Employee Retirement System (CERS) and State The last retiree Cost of Living Adjustment (COLA), or an ongoing retirement payment increase of 1.5% to account for cost-of-living changes, took effect in July 2011. Although the COLA paid to CERS, KERS, and SPRS retirees typically comes from trust fund dollars and not the General Fund, the Kentucky General Assembly (and not the KPPA Board or The problem facing Kentucky's public retirees is straightforward: · The average pension benefit across all plans was $18,828 annually (FY23). · Two-thirds of KPPA pension recipients receive less than $20,000 annually. · The last COLA, 1.5%, was paid on July 1, 2011. · The Consumer Price Index shows that it takes $1.36 in December 2023, to |ihd| mip| ozl| gvi| tpe| nox| abd| kmi| wup| vdd| ifw| edv| uxd| obf| rqm| fmy| tgo| dep| zmn| ylr| kre| nrd| jqf| ebw| fue| upp| sch| igl| oaa| xzs| azi| gkd| pkr| rrx| hts| weg| ypq| kcc| wdi| zaf| esc| tma| uqy| lqx| xkk| gga| rak| wkd| kjh| awu|